AvantGo - Was ist denn nu los ?

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19.11.01 16:42

10991 Postings, 8623 Tage andyy3 euro kurzfristig sage ich voraus o.T.

20.11.01 09:27

10991 Postings, 8623 Tage andyyheute 1,80

sehr gute umsätze in usa
auf hoch geschlossen
sehen heute sicher noch die 2 vor dem komma  

20.11.01 11:58

80 Postings, 9137 Tage Aktie-XBin gestern in den USA rein!

Die haben einen Cashbestand von 3$/Aktie und sind wirklich im Wachstumssegment. Wenn es mal nicht so laufen sollte, werden sich PALM/HAND und Microsoft um diese Firma schlagen! AVGO-Software bei POCKET PC 2002 Betriebssystem automatisch dabei. Das ist das non plus Ultra!

Aktie-X  

21.11.01 09:42

15 Postings, 9142 Tage TreckerfahrerStimmt es, dass

ein Anwaltsbüro gegen Avantgo klagt? Habe ich in einem Chatboard gelesen, allerdings OHNE Quellenangabe.
Wäre für eine fundierte Antwort dankbar!  

25.11.01 13:53

10991 Postings, 8623 Tage andyyes gibt in usa eigentlich nur 2 kanzlein

die für sowas in frage kommen
stone / weiss
schau bei denen rein
avantgo montag in usa wieder von 1,35 auf 1,55/1,60
in euro ca. 1,80 gehandelt  

25.11.01 13:58

1552 Postings, 8515 Tage promKlage ..

Thursday November 1, 4:16 pm Eastern Time
Press Release
SOURCE: Milberg Weiss Bershad Hynes & Lerach LLP

Milberg Weiss Announces Class Action Suit Against AvantGo Inc.

NEW YORK--(BUSINESS WIRE)--Nov. 1, 2001--The Plaintiffs' Executive Committee in In re: Initial Public Offering Securities Litigation, 21 MC 92 (SAS) announces that a class action lawsuit was filed on October 31, 2001, on behalf of purchasers of the securities of AvantGo Inc.

(``AvantGo'' or the ``Company'') (NASDAQ: AVGO - news) between September 27, 2000 and December 6, 2000, inclusive. A copy of the complaint filed in this action is available from the Court or can be obtained from the counsel listed below.
The action is pending in the United States District Court, Southern District of New York, located at 500 Pearl Street, New York, NY against defendants AvantGo, Richard Owen (CEO, Director), David Cooper (CFO), Felix Lin (Chairman) and underwriters Credit Suisse First Boston Corp., Merrill Lynch, Pierce, Fenner & Smith Inc. and FleetBoston Robertson Stephens Inc. (the ``Underwriter Defendants'').

The complaint alleges violations of Sections 11, 12(a)(2) and 15 of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. On or about September 27, 2000, AvantGo commenced an initial public offering of 5,500,000 of its shares of common stock at an offering price of $12 per share (the ``AvantGo IPO''). In connection therewith, AvantGo filed a registration statement, which incorporated a prospectus (the ``Prospectus''), with the SEC. The complaint further alleges that the Prospectus was materially false and misleading because it failed to disclose, among other things, that: (i) the Underwriter Defendants had solicited and received excessive and undisclosed commissions from certain investors in exchange for which the Underwriter Defendants allocated to those investors material portions of the restricted number of AvantGo shares issued in connection with the AvantGo IPO; and (ii) the Underwriter Defendants had entered into agreements with customers whereby the Underwriter Defendants agreed to allocate AvantGo shares to those customers in the IPO in exchange for which the customers agreed to purchase additional AvantGo shares in the aftermarket at pre-determined prices.

If you bought the securities of AvantGo between September 27, 2000 and December 6, 2000, you may, no later than December 31, 2001 request that the Court appoint you as lead plaintiff. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as ``lead plaintiff.'' Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff.

This action is being prosecuted by the Plaintiffs' Executive Committee of In re: Initial Public Offering Securities Litigation, 21 MC 92 (SAS). By Order, dated October 12, 2001, the Honorable Shira A. Scheindlin appointed the following firms to serve as the Plaintiffs' Executive Committee: Berstein Liebhard & Lifshitz, LLP, Milberg Weiss Bershad Hynes & Lerach LLP, Schiffrin & Barroway LLP, Sirota & Sirota LLP, Stull, Stull & Brody and Wolf Haldenstein Freeman & Herz LLP. The Plaintiffs' Executive Committee has been vested by the Court with the responsibility for the prosecution of the IPO Securities Litigation.

If you wish to discuss this action with us, or have any questions concerning this notice or your rights and interests with regard to the case, please contact the following attorneys:


CONTACT INFO
Steven G. Schulman or Samuel H. Rudman
One Pennsylvania Plaza, 49th fl.
New York, NY, 10119-0165
Phone number: (800) 320-5081
Website: http://www.milberg.com


--------------------------------------------------
Contact:
    Milberg Weiss Bershad Hynes & Lerach LLP
    Steven G. Schulman or Samuel H. Rudman, 800/320-5081
 

25.11.01 14:13

79561 Postings, 9184 Tage Kickystark gefallene Umsätze auf 2600 v. 1,22 Millionen

am 16.November,das ist schon stark! Offenbar müsst Ihr die mal wieder pushen,Volumen Freitag um 98 % reduziert! (s. AVGO bei www.clearstation.com auf Chart klicken)  

26.11.01 09:08

10991 Postings, 8623 Tage andyyumsätze in deutschland sind uninteressant

in usa zwischen 350.000 - 500.000 sind o.k.  

27.11.01 10:20

10991 Postings, 8623 Tage andyywer zu 1,60 kauft macht sicher keinen fehler o.T.

27.11.01 16:28

10991 Postings, 8623 Tage andyyaktuell in usa bei 1,40

in euro min. 1,57
bei viz aufschlag von 30%
bei avgo abschlag von 5 %
oder wie  

27.11.01 16:41

15 Postings, 9142 Tage TreckerfahrerNews

Sehr beachtlich finde ich die regelmäßige Benachrichtigung über neue Verträge etc. Fast keine Woche ohne News.
Eine gute Nachricht würde dem Kurs sicherlich neuen Auftrieb geben. Zur Zeit habe ich den Eindruck als wenn alle warten. Der Kurs bleibt auf der Stelle.

Bin jedenfalls investiert und warte. Treckerfahrer  

28.11.01 14:55

15 Postings, 9142 Tage TreckerfahrerDas Warten hat sich gelohnt...

AvantGo Mobilizes Lotus Notes & Microsoft Exchange On Microsoft Windows-Powered Pocket PC Devices
Mobile Leader Delivers Desktop and Server Messaging Products; Incorporates Synchrologic's E-mail and PIM Technology to Provide Customers with Integrated Mobile Solutions
SAN MATEO, Calif.--(BUSINESS WIRE)--Nov. 28, 2001-- AvantGo, Inc., (Nasdaq:AVGO - news), the leading provider of mobile enterprise software, today announced that it is now shipping the most comprehensive, integrated personal information management (PIM) messaging and corporate application solution for Global 1000 enterprises.

Deployed in conjunction with its award-winning AvantGo® M-Business Server, enterprises can now access their schedules, contacts, tasks, notes and e-mail on both Pocket PC and Palm OS devices, in addition to their mission-critical business applications -- anytime, anywhere -- even when outside of wireless coverage. The company also announced it has licensed and is integrating E-mail and personal information management (PIM) technology by Synchrologic(TM) into AvantGo M-Business Server.

Specifically, AvantGo is adding desktop synchronization solutions for Lotus Notes® on Pocket PC-powered devices. The company has previously been shipping products with these capabilities for Palm OS handhelds only. Additionally, AvantGo now offers customers a robust server-based mobile application and PIM solution for Microsoft Exchange(TM) and Lotus Notes® on both Pocket PC-powered and Palm OS devices incorporating Synchrologic PIM and E-Mail technology. These solutions complement AvantGo's existing solutions for mobilizing PIM, E-mail and custom Lotus Notes databases and applications on Palm OS devices.

``AvantGo understands the market requirements for enterprise caliber E-mail and PIM solutions for mobile devices,'' said John Dancu, president and COO of Synchrologic. ``In fulfilling this need, AvantGo selected Synchrologic as the vendor of choice, demonstrating our leadership in this space. And as a result, companies will be able to extend their existing investment in enterprise groupware, making mobile workers more productive while in the field.''

Richard Owen, AvantGo's CEO, added: ``A robust, server-based e-mail and PIM data access solution is a critical component of a comprehensive mobile IT strategy, which is why the combination of our award-winning solutions with Synchrologic's leading e-mail and PIM technology is a win for customers. We are now delivering proven desktop and server-based synchronization solutions for Pocket PCs, which are successfully being deployed within large corporations. These products complement our core mobile and wireless enterprise infrastructure and applications software solutions for Global 1000 companies.''

AvantGo Delivers Comprehensive Messaging Solutions

Combined with AvantGo M-Business Server, AvantGo Pylon solutions now provide enterprises with a solid, proven foundation for deploying and administering custom, mission-critical, enterprise applications along with collaboration and messaging solutions for a wide variety of mobile devices. With the addition of these new products, AvantGo now provides the most comprehensive messaging solutions that include:

Pylon PIM Server -- Centrally configured and managed, Pylon PIM Server integrates with Lotus Domino Server or Microsoft Exchange Server, enabling IT managers to provide wireless, wired and network-connected access to PIM data from Pocket PC and Palm OS handhelds.
Pylon Application Server -- Centrally configured and managed, Pylon Application Server integrates with Lotus Domino Server, enabling IT managers to provide wireless or wired access to custom Lotus Notes applications and PIM data on Palm OS handhelds.
Pylon Pro -- Organizations and individuals can instantly mobilize Lotus Notes custom applications such as sales force automation, workflow and field service applications, as fully functional handheld applications without re-programming, and synchronize PIM data right from the desktop.
Pylon Conduit -- Organizations and individuals can access PIM data, including e-mail, contacts, schedules, tasks, memos and expenses, in Lotus Notes using Pocket PC and Palm OS devices through synchronization with desktop computers.
Pricing & Availability

AvantGo's comprehensive messaging solutions are available today by calling 510/259-4000 or 888/884-8812 or by calling internationally +44 (0) 20 7776 4200, by visiting our online store at http://avantgo.com/buypylon or sending an e-mail to sales@avantgo.com. Through the end of the year, the company is offering desktop and server promotional pricing ranging from $80 to $205 per user, depending upon configuration.

About Synchrologic Inc.

Synchrologic's mobile infrastructure solutions create competitive advantage by increasing mobile worker productivity and decreasing total cost of ownership of mobile devices. The company's flagship product, iMobile Suite, mobilizes enterprise applications, automates the delivery of documents and Web sites, and provides mobile systems management tools -- for laptops, handhelds, and smartphones. Key customers and partners include 3M, Citicorp, Domino's, Hertz, Nintendo, Microsoft, NEC, and Casio. The company is privately held with headquarters in Atlanta, Ga., and European offices in London, Munich and Milan. For more information, please visit www.synchrologic.com.

 

28.11.01 16:41

10991 Postings, 8623 Tage andyyavantgo top-meldung

die gehen in usa noch durch die decke
ggf. heute noch
in deutschland hat sich 15.00 uhr einer hinreisen lassen
10.000 stück zu 1,72 zu kaufen, ein fonds ?
wären bald 35.000 dm  

28.11.01 16:50

15 Postings, 9142 Tage TreckerfahrerVorbörslich wurden heute 500 Stück

zu 1.98 US Dollar an der Nasdaq umgesetzt !  

28.11.01 18:36

10991 Postings, 8623 Tage andyykauft avantgo

schliessen heute bei 1,50 evtl. bis 1,70 in usa
mehr gute nachrichten wie die kann man nicht bringen
tief war bei 1 euro !!!!!! hier doppelboden
kursziele gibt es bis 20 dollar
warum also nicht erstmal 2 oder 3 dollar  

29.11.01 09:33

10991 Postings, 8623 Tage andyywelcher irre verkauft da zu 1,46

avgo hat nachbörslich in usa 1,40 dollar
macht 1,55 - 1,60 euro
und das nach der meldung gestern
und umsatz über 300.000 in usa stimmt auch wieder  

04.12.01 17:35

10991 Postings, 8623 Tage andyyavgo leider wieder zurück gekommen

geringen umsätze in usa sind schuld
haben aber jetzt genau bei 1,30 auf unterstützung aufgesetzt
in nächsten tagen dürfte wieder aufwärts gehen
2 euro kurzfristig und 3 euro anfang 2002
ich steh dazu  

05.12.01 16:24

10991 Postings, 8623 Tage andyyavgo geht wieder los

1,40 in usa
1,50 in ff
umsätze o.k.
haben exakt gedreht  

25.04.02 20:24

274 Postings, 8307 Tage strike!avantgo: 10 cent vom alltime low entfernt, aber...

die Kundenliste wird aber immer länger...


 

25.04.02 20:27

9071 Postings, 9031 Tage SlashHaben die nicht gestern Zahlen raus gebracht?

Weis jemand wie die waren?

Gruß slash  

25.04.02 20:44

274 Postings, 8307 Tage strike!@

AVANTGO REPORTS FIRST QUARTER 2002 FINANCIAL RESULTS

Mobile Applications Strategy Progresses with Major Wins from Fortune 1000 Customers

Hayward, Calif., April 24, 2002 - AvantGo, Inc. (Nasdaq: AVGO), the leading provider of mobile enterprise software, today reported financial results for the first quarter ended March 31, 2002.

For the first quarter of 2002, the Company posted revenues of $4.8 million and a pro forma net loss of $5.0 million, or a loss of $0.14 per share. This compares to revenues of $5.3 million and a pro forma net loss of $4.7 million, or a loss of $0.14 per share, reported in the fourth quarter of 2001. The Company reported an actual net loss of $5.7 million, or a loss of $0.16 per share, for the first quarter of 2002, which compares to an actual net loss of $8.2 million, or a loss of $0.24 per share, for the fourth quarter of 2001.

The Company sequentially reduced operating expenses by 6% from $9.2 million in the fourth quarter of 2001 to $8.6 million in the first quarter of 2002, and by 45%, or $7.0 million, from $15.6 million in the first quarter 2001, excluding pro forma charges. At March 31, 2002, the Company had $42.1 million of cash and cash equivalents, reflecting the sixth consecutive quarter of reduced cash burn.

"Although the overall market for enterprise software continues to be soft, we won major deals for Mobile Sales? and a mission-critical supply chain automation solution, adding to our growing list of Fortune 1000 customers and supporting our focus on high-value, high ROI mobile applications. In April, we have already concluded a major contract, and based on our pipeline, we anticipate modest revenue growth in the second quarter," commented Richard Owen, chief executive officer, of AvantGo. "Our strategy of building upon our best-of-breed infrastructure software to quickly bring high-value mobile applications to market has yielded early success, and we believe positions us well for the long term.

"Corporations are increasingly realizing that our solutions deliver high ROI, minimize technology obsolescence, minimize their reliance on costly wireless services and deliver always-available access to critical information whether or not a network is available," Owen added.

Pro forma charges excluded from the first quarter of 2002 results included the amortization of deferred compensation of $0.7 million. Pro forma charges excluded from the fourth quarter of 2001 results totaled $3.5 million and included the amortization of goodwill, intangible assets and deferred compensation and other acquisition-related costs of $1.0 million, restructuring and other impairment charges related to the disposal of excess office space of $1.7 million, and employee termination costs of $0.8 million.



AvantGo Introduces Two New Applications
AvantGo has expanded its suite of mobile applications with the introduction of two new applications, AvantGo Mobile Pharma? and AvantGo Mobile Inspection?, targeting the pharmaceutical and government markets.

In March, the Company introduced AvantGo Mobile Pharma, a packaged mobile application specifically designed to support the unique requirements of pharmaceutical sales representatives. AvantGo Mobile Pharma is a powerful mobile application designed to help pharmaceutical companies gain market share by significantly improving the quality of their interactions with physicians and increasing the productivity of sales representatives. The mobile application provides sales representatives with immediate access to the information most relevant to them, including their sales force automation (SFA) system, product and clinical data, market share data, corporate data and web-based content and services from mobile devices.

AvantGo also recently unveiled AvantGo Mobile Inspection, a packaged mobile application designed to improve business inefficiencies in performing inspection, asset tracking, loss prevention, safety and environmental audit tasks. The solution eliminates transcription errors and improves the timeliness and quality of data collection. It also streamlines workflow by electronically transmitting results directly from the field and providing managers with the information they need to make timely, more informed operational decisions.

With these new applications, AvantGo further expands its broad suite of mobile solutions. AvantGo today provides server-based synchronization and online access to Microsoft Exchange and Lotus Notes schedules, contacts, tasks and e-mail, mission-critical custom applications written using Lotus Notes or other web-based development tools. In addition, AvantGo infrastructure now provides the foundation for packaged business applications including Mobile Sales, Mobile Delivery, Mobile Pharma and Mobile Inspection, enabling global organizations to standardize on a single infrastructure solution for both packaged and custom mobile applications.



AvantGo Investor Call
AvantGo's first quarter financial results will be discussed on April 24, 2002 at 2:00 p.m. PT/5:00 p.m. ET, and will be available via a live webcast on the Company's website, under the navigation bar "investor relations," or at www.streetevents.com. A replay also will be available from the Company's website through May 8, 2002.



About AvantGo
AvantGo, Inc. (Nasdaq: AVGO) is the leading provider of mobile enterprise software. AvantGo solutions automate business processes and improve the exchange of information between companies and their employees and customers, resulting in improved business efficiencies and more effective customer interactions. AvantGo solutions include the best-of-breed mobile software platform for creating and deploying enterprise applications, proven customer relationship management (CRM), supply chain management (SCM) and personal information management (PIM) mobile business applications, and professional services to assist in the strategy, design and delivery of end-to-end mobile solutions. AvantGo's customers, which include 28 of the Fortune 100 and over 2500 companies in 50 countries, include McKesson Corporation, Ford Motor Company, Cisco Systems, FedEx, Scottish Power, The US Senate, Tyco, Harvard Medical School, American Express, The World Economic Forum, BG Group, plc., Genencor and Alcatel. For more information, please visit www.avantgo.com.

Cautionary Statement
This news release regarding first quarter financial results includes forward-looking statements, including, but not limited to, revenue projections for next quarter and AvantGo's ability to maintain sufficient cash balances to cover future operations until reaching profitability. These forward looking statements are subject to a number of risks, uncertainties and other factors that could cause actual results to differ materially. Such factors include, but are not limited to, the following: the growth in the adoption of mobile infrastructure technology; the Company's ability to fund its operations with existing cash or by raising additional capital; risks related to market acceptance of AvantGo's products and services, and the products and services of AvantGo's customers and partners which integrate or interoperate with AvantGo technologies; the rates at which advertisers invest in mobile advertising; possible disruption in commercial activities occasioned by terrorist activity and armed conflict, such as changes in logistics and security arrangements, and reduced end-user purchases relative to expectations; quarterly fluctuations in AvantGo's revenues or other operating results; pricing pressures, including the pricing that content providers and advertisers are willing to pay us in connection with our AvantGo mobile Internet service; the pricing of AvantGo enterprise products and the rates that we are able to charge for AvantGo professional services; errors in forecasting or inability to meet sales goals; inability to control costs; customer dissatisfaction; failure to close anticipated key enterprise agreements; slowdown in the adoption of mobile devices for which the market for AvantGo's software and services is dependent; changes in customer order patterns; the impact of long sales and implementation cycles for AvantGo's enterprise products; AvantGo's failure to meet financial expectations of analysts and investors; unanticipated costs or other adverse effects associated with software bugs; continued success in technological advances, including development and implementation of new products and services that are interoperable with those of its customers and partners; delays in the development or introduction of such products and services; AvantGo's ability to manage growth and successfully integrate and operate any acquired businesses; AvantGo's ability to further its brand awareness and market effectively the functionality of its software; the risk of a significant monetary judgment against AvantGo in the current shareholder lawsuit or in any future litigation in which AvantGo may be named as a defendant; competitive factors, such as the release of competitive products and services; marketing programs and other actions by competitors; technical difficulties with networks or operating systems on which we rely to deliver some of AvantGo services; AvantGo's need to maintain and enhance business relationships with leading hardware and software manufacturers, important partners, content providers and other parties; the ability of AvantGo partners and customers to timely develop and deliver to market viable products and services; AvantGo's ability to attract new employees, particularly in the sales and engineering groups; retention of key personnel; AvantGo's activities and those of others regarding protection of intellectual property; vulnerability of the AvantGo Mobile Internet Service to events which may result in the inability of our sole bandwidth vendor to provide bandwidth services, such as loss of power, facility shutdown, break-ins, vandalism, terrorist acts, fire, floods, or earthquakes; the risk of AvantGo's failure to meet the continued listing requirements of the Nasdaq Stock Market which may result in delisting of AvantGo stock; other factors which increase operating costs; rapid inflation; general economic downturns; general business and economic conditions; and the impact of events outside the United States such as the business impact of fluctuating currency rates or unrest or political instability in a locale.

Further details on these risks are set forth in the AvantGo Inc. filings with the Securities and Exchange Commission, including the annual report filed on Form 10-K for the year ended December 31, 2001 and the quarterly report on Form 10-Q for the quarter ended September 30, 2001. These filings are available on a website maintained by the Securities and Exchange Commission at http://www.sec.gov. Forward-looking statements in this release are generally identified by words such as "forecast," "project," "expect," "anticipate,"' "intend," "believe," "assume," "estimate,'' "goal," "plan'' and other similar words and expressions. AvantGo does not undertake an obligation to update forward-looking statements.

For more information, contact:


Karen Logsdon
AvantGo, Inc.
(510) 259-4054
klogsdon@avantgo.com

 

03.07.02 18:54

9071 Postings, 9031 Tage Slashoh oh avgo, was ist aus euch geworden.

Den ersten Artikel habe ich vor 1,5 Jahren über sie gelesen. Da hab ich sie mir auch ins Depot geholt. Damals haben Se noch 1,3? gekostet und war die Chance überhaupt (laut Analysten natürlich). 300% Gewinn sollten es werden.
Und nun 0,35?. Traurig aber war.

Gruß slash  

05.07.02 17:59

10 Postings, 8299 Tage LandvogtEs klingt wie aus einer anderen Welt !

GLOBAL NET INVESTING  

Avantgo sofort kaufen Datum: 18.12.2001


Die Analysten von "Global Net Investing" empfehlen den sofortigen Kauf der Aktien von Avantgo . (WKN 541305) Das Papier habe innerhalb von lediglich zwei Handelstagen nahezu um 50% klettern können. Fundamentale News habe es keine gegeben, nur die reine Marktpsychologie habe hier auf den Kurs gewirkt. Bislang sei der Wert jedes Mal für mindestens 100 Prozent gut gewesen, wenn er von breiten Käuferschichten entdeckt worden sei. Avantgo befinde sich nach wie vor auf den Kauflisten diverser Brokerhäuser. Nach dem Überschreiten der alten Zwischenhochs bei 1,40 US-Dollar gebe die Charttechnik nun grünes Licht für weitere Kursgewinne. Daher raten die Wertpapierexperten von "Global Net Investing" die Aktien von Avantgo sofort zu kaufen.




Quelle: AKTIENCHECK.DE AG


 

28.07.02 13:07

10 Postings, 8299 Tage LandvogtAvantgo

Wer von euch Experten weiß wie die letzten Quartalszahlen von Avantgo ausgefallen sind?  

28.07.02 13:32

1232 Postings, 9241 Tage mob1AVANTGO REPORTS SECOND QUARTER 2002


Increases Revenues 11%; Projects Operating Cash Flow Breakeven in Fourth Quarter 2002

HAYWARD, Calif., July 24, 2002 - AvantGo, Inc. (Nasdaq: AVGO), the leading provider of mobile enterprise software, today reported financial results for the second quarter.

For the second quarter of 2002, the Company posted revenues of $5.3 million, representing an 11% increase over the $4.8 million reported in the first quarter. The Company reported a pro forma net loss of $3.4 million, or $0.10 per share, which compares to a pro forma net loss of $5.0 million, or $0.14 per share, reported in the first quarter of 2002. On a GAAP basis, the Company reported a net loss of $4.3 million, or $0.12 per share, for the second quarter, which compares to a net loss of $5.7 million, or $0.16 per share, reported in the first quarter of 2002. At June 30, 2002, the Company had $37.6 million of cash and investments.

Pro forma charges for the second quarter excluded the amortization of deferred compensation of $580,000 and restructuring and other impairment charges related to the disposal of excess office space of $322,000. Pro forma charges for the first quarter of 2002 excluded $706,000 in amortization of deferred compensation.

In addition, the Company announced that it will heighten its focus on applications and solutions targeted to field force professionals, and will reduce future operating costs with plans for its operations to breakeven on a cashflow basis in the fourth quarter of 2002. The Company is restructuring its business to more closely align expenses with near-term revenue opportunities.

"While we continue to believe that large enterprises will adopt mobile solutions on a large scale over time, we are planning our business around only modest improvements in the market in the second half of 2002," said Richard Owen, chief executive officer of AvantGo. "With the delivery of our next-generation platform, AvantGo M-Business Server 5.0, already in place, we plan to refine our sales and development focus toward delivering the always-available mobile applications that run on top of the core platform and bring significant value to field-based employees. Our priority will continue to be on delivering high-value high-ROI applications for customers. In conjunction with this, we plan to intensely focus each of our businesses on achieving profitability."

In conjunction with its restructuring, the Company will reduce its workforce by approximately 40% during the third quarter of 2002.

AvantGo has already successfully automated field sales activities for Global 1000 enterprises, including a top pharmaceutical company, a leading financial services firm, a leading international media company and a leading global components supplier. In addition to licensing its Mobile Sales solution to enterprises, AvantGo has teamed with leading CRM vendors, including E.piphany and Onyx Software, to license its mobile technology.



http://avantgo.com/news/press/press_archive/2002/release07_24_02.html


Gruesse
MOB  

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